what are the causes of devaluation of philippine peso?

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what are the causes of devaluation of philippine peso?

2007-03-02 14:07:06 · 2 answers · asked by aila 1 in Social Science ➔ Economics

2 answers

Basically a trade imbalance and the country taking on more debt.

Also, the strength or weakness of the government. Generally the instability of the government and the imports exceeding exports.

2007-03-03 03:14:46 · answer #1 · answered by Santa Barbara 7 · 0⤊ 0⤋

Balance of Payment deficit

2015-12-26 16:06:42 · answer #2 · answered by Perfecto 1 · 0⤊ 0⤋